The Emergence of Leadership in Social Networks
Physics and Society
2012-02-22 v2 Social and Information Networks
General Finance
Abstract
We study a networked version of the minority game in which agents can choose to follow the choices made by a neighbouring agent in a social network. We show that for a wide variety of networks a leadership structure always emerges, with most agents following the choice made by a few agents. We find a suitable parameterisation which highlights the universal aspects of the behaviour and which also indicates where results depend on the type of social network.
Keywords
Cite
@article{arxiv.1106.0296,
title = {The Emergence of Leadership in Social Networks},
author = {T. Clemson and T. S. Evans},
journal= {arXiv preprint arXiv:1106.0296},
year = {2012}
}
Comments
22 pages (as in Physica A but with a few extra references to supplementary material) plus 11 pages of supplementary material not in Physica A version